President Donald Trump clearly supports the oil and gas industry, but he made several false and misleading boasts about his impact on the energy sector.
Economists: Tariffs Not Boosting GDP
Tariffs imposed by the Trump administration have a small, negative impact on gross domestic product growth, according to economists, the Congressional Budget Office, the International Monetary Fund and the top White House economic adviser. That contradicts President Donald Trump’s repeated claim that the tariffs have boosted the GDP.
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Trump Wrong on China Trade, Again
President Trump falsely claimed that the U.S. has “never taken in 10 cents from China” in tariffs, but “now we’re taking in billions and billions of dollars.” The U.S. has collected billions in customs duties on Chinese imports for years, although the amount has increased since the trade war with China began.